Wood Group, the FTSE 250 enineering firm, has been awarded a major North Sea contract by Premier Oil to deliver integrated operations and maintenance support services to the Balmoral floating production vessel.
The contract, estimated to be worth around £250m, will see Wood Group provide managed onshore and offshore operations and maintenance services to the Balmoral. The award to Wood Group is a life of field work scope, currently estimated to run until 2020.
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